Barclays PLC decreased its position in shares of Sun Communities, Inc. (NYSE:SUI - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,174 shares of the real estate investment trust's stock after selling 16,112 shares during the quarter. Barclays PLC owned 0.09% of Sun Communities worth $13,671,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Trust purchased a new position in shares of Sun Communities in the fourth quarter worth $625,000. Aurora Investment Managers LLC. grew its stake in shares of Sun Communities by 9.7% in the fourth quarter. Aurora Investment Managers LLC. now owns 27,490 shares of the real estate investment trust's stock worth $3,380,000 after acquiring an additional 2,435 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Sun Communities by 16.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 779,744 shares of the real estate investment trust's stock worth $95,885,000 after acquiring an additional 108,054 shares during the period. VCI Wealth Management LLC purchased a new position in shares of Sun Communities during the fourth quarter valued at approximately $1,312,000. Finally, Vert Asset Management LLC boosted its holdings in Sun Communities by 9.9% in the fourth quarter. Vert Asset Management LLC now owns 56,083 shares of the real estate investment trust's stock worth $6,897,000 after purchasing an additional 5,060 shares during the last quarter. Institutional investors own 99.59% of the company's stock.
Sun Communities Stock Performance
Sun Communities stock traded up $0.85 during midday trading on Wednesday, hitting $122.20. The stock had a trading volume of 653,818 shares, compared to its average volume of 836,702. Sun Communities, Inc. has a 52-week low of $109.22 and a 52-week high of $147.83. The company has a market capitalization of $15.59 billion, a PE ratio of 65.70 and a beta of 0.84. The firm's fifty day moving average is $127.41 and its two-hundred day moving average is $126.99. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93.
Sun Communities (NYSE:SUI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. The firm had revenue of $745.90 million during the quarter, compared to analysts' expectations of $724.68 million. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. On average, research analysts forecast that Sun Communities, Inc. will post 6.77 EPS for the current year.
Sun Communities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, March 31st. Sun Communities's dividend payout ratio (DPR) is 508.11%.
Analyst Ratings Changes
Several research firms have recently weighed in on SUI. Truist Financial lowered their price target on Sun Communities from $142.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JMP Securities reiterated a "market outperform" rating and set a $140.00 price objective (down previously from $150.00) on shares of Sun Communities in a research report on Monday. Royal Bank of Canada reissued an "outperform" rating on shares of Sun Communities in a research report on Friday, February 28th. Finally, Jefferies Financial Group assumed coverage on shares of Sun Communities in a research report on Tuesday, April 8th. They set a "buy" rating and a $150.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Sun Communities has a consensus rating of "Hold" and an average target price of $135.70.
View Our Latest Research Report on Sun Communities
Sun Communities Profile
(
Free Report)
Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.
Further Reading
Before you consider Sun Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Communities wasn't on the list.
While Sun Communities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
